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miskamm [114]
2 years ago
11

"In the recent years, prices of basic food commodities such as corn, rice, and wheat have increased sharply. An article in the W

all Street Journal stated that Chinese authorities were concerned that escalating prices would cause inflation and be followed by civil unrest. (Source: Wall Street Journal, February 20, 2011) If the Chinese government sets a price ceiling below the equilibrium price, the result will be to"
Business
1 answer:
GrogVix [38]2 years ago
4 0

Answer:

C) create deadweight loss

Explanation:

A) increase total surplus.

B) eliminate deadweight loss.

C) create deadweight loss

D) increase surplus and create deadweight loss

Effects of a binding price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

Deadweight loss is increases in economic inefficiency as a result of the price ceiling. Efficiency would occur because the market is not at equilibrium

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SuperGroup has expressed the intention to begin selling in other countries, including China, while still protecting its Superdry
Paul [167]

Answer:

Marketing and sales segment.

Explanation:

  • A values chain consists of actions that a firm functioning in a public industry that performs in order to deliver a valuable product to the market.
  • The idea value chain is based on the process view of a manufacturing organization as a system of subsystems that transforms and processes money, labor, and materials, etc.
  • The marketing and sales is considered to be a primary function and include the creation of salesforce, advertising campaigns, and giving values to its customers, clients and partners.
5 0
2 years ago
The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of
9966 [12]

Answer:

Answer for question :

The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of return is 17%. What is the expected stock price two years from now. Round the answer to the nearest integer " is as explained below.

Explanation:

1. the expected stock price two years from now = 3 * 1.065^3/(0.17 - 0.065)  

the expected stock price two years from now = 34.51

2. FV = 0, N = 8, PMT = 288, rate = 4%

use PV funciton in Excel    

value at time 0 = 1939.03

3 0
3 years ago
What is new and innovating about this design/chopping board?
gulaghasi [49]
This chopping board is new and innovative in design and practicality. the classic light wood chopping board look has been reimagined by adding the dark accent stripes breaking up the look. the practicality comes with the handle which has been conveniently placed so the chopping board is easy to move and store. (i hope this helps)
7 0
3 years ago
In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
Zepler [3.9K]

Answer:

revenue recognized

2018 = $2,800,000

2019 = $4,500,000

2020 = $2,700,000

gross profit

2018 = $616,000

2019 = $990,000

2020 = $383,400

Explanation:

Percentage of                      2018              2019               2020

completion method

Cost incurred in                   $0          $2,184,000    $5,694,000

previous year

+ Cost incurred              $2,184,000 $3,510,000    $2,316,600

during the year

Total cost incurred        $2,184,000 $5,694,000    $8,010,600

+ Estimated cost to       $5,616,000  $2,106,000            $0

be incurred

Total estimated cost    $7,800,000 $7,800,000     $8,010,600

to be incurred

Percentage of                   28%               73%                  100%

completion

 

Total revenue        $10,000,000  $10,000,000    $10,000,000

Total revenue         $2,800,000    $7,300,000     $10,000,000

recognized (% of completion x total revenue)

- Revenue recognized       ($0)    ($2,800,000)    ($7,200,000)

in previous year    

= revenue recognized  $2,800,000   $4,500,000     $2,700,000

in current year

gain/loss                                2018                 2019          2020

Revenue                        $2,800,000  $4,500,000    $2,700,000

- Cost incurred             ($2,184,000) ($3,510,000)   ($2,316,600)

Gross profit                     $616,000     $990,000       $383,400

8 0
2 years ago
Checks written in late December do not appear on a December 31 Bank Statement because they were not cleared by the bank as of Ma
Shkiper50 [21]

Answer:

B) Subtract them from the bank balance.

Explanation:

When you are adjusting your bank statement you must subtract any outstanding checks and add any deposits in transit.

In this case, the checks that were written at the end of December will probably be cashed during the next months, but the company must adjust their bank balance because they know that the checks will eventually be cashed, sooner or later.

6 0
2 years ago
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